Marafi Sohar, a subsidiary of Asyad Group based in Oman, in collaboration with the Sohar Port and Freezone, intends to develop a mineral aggregate terminal in Oman.
The stockpile yard in the terminal will occupy an area of 200,000m². It will be able to accommodate three stockpiles of two grades each and two weighbridges.
A temporary hybrid solution to be installed at Terminal 2D of the port will be equipped with two high-capacity mobile ship loaders with 750t/hour capacity.
The developmental activities of the terminal are expected to be completed within 20 months.
Jiangsu Yangzi Xinfu Shipbuilding , a wholly owned subsidiary of Yangzijiang Shipbuilding (Holdings) (YZJ), has disposed its 100% stake in Taixing Yangzi Xinfu Ship Accessories Processing (TYXSAPCO). The transaction is valued at CNY1m ($0.15m).
Based in China, TYXSAPCO offers ship accessories processing services for shipyards.
Norway-based liquid petroleum gas (LPG) shipping company BW LPG intends to acquire Dorian LPG, a large gas carrier fleet operator based in the US, in an all-stock transaction worth $1.1bn.
The transaction includes approximately $441m in equity and the net debt of Dorian .
BW LPG operates 180 vessels, including LPG or liquefied natural gas (LNG) carriers, oil tankers, floating storage and regasification (FSRU) units, as well as dry cargo carriers.
The purchase consideration includes a future net tax benefit of $100m and cash consideration of $705m.
Boat Holding will operate as a separate business unit and continue to function from its headquarters, upon completion of the transaction.
Boat Holdings is a builder of pontoon boats, deck boats and cruisers, while Polaris Industries is a manufacturer of snowmobiles, ATVs and motorcycles.